Shenyang Chemical Industry Co (SZSE:000698) ROCE % : 24.66% (As of Sep. 2024)

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What is Shenyang Chemical Industry Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Shenyang Chemical Industry Co's annualized ROCE % for the quarter that ended in Sep. 2024 was 24.66%.

Shenyang Chemical Industry Co ROCE % Historical Data

The historical data trend for Shenyang Chemical Industry Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Shenyang Chemical Industry Co ROCE % Chart

Shenyang Chemical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

-11.10

15.78

7.44

-40.25

-13.61

Shenyang Chemical Industry Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial															-4.52	-19.69	0.82	-49.50	24.66

Shenyang Chemical Industry Co ROCE % Calculation

Shenyang Chemical Industry Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-353.074	/	( ( (6817.507 - 3562.807)	+	(6083.2 - 4149.84) )	/ 2 )
	=	-353.074	/	( (3254.7	+	1933.36)	/ 2 )
	=	-353.074	/	2594.03
	=	-13.61 %

Shenyang Chemical Industry Co's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	475.032	/	( ( (4814.052 - 2768.295)	+	(4567.296 - 2760.052) )	/ 2 )
	=	475.032	/	( ( 2045.757	+	1807.244 )	/ 2 )
	=	475.032	/	1926.5005
	=	24.66 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Shenyang Chemical Industry Co (SZSE:000698) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Shenyang Chemical Industry Co ROCE % Related Terms

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Shenyang Chemical Industry Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Shenyang Chemical Industry Co Ltd (SZSE:000698) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No. 46 Weigong North Street, Tiexi District, Liaoning Province, Shenyang, CHN, 110026

Website

http://www.sychem.com

Shenyang Chemical Industry Co Ltd is a China-based company engaged in the business of chlor-alkali chemical, petrochemical, and chemical new materials. Its product portfolio comprises PVC paste resin, toluene, benzene, sodium hypochlorite, industrial liquid chlorine, caustic soda, catalytic thermal cracking ethylene, acrylic acid and ester, Ether polyols and other products.

Executives

Li Chun Ming	Executives
Zhang Zhen Yang	Executives
Yang Zhi Guo	Directors, Directors, and Executives
Dan Bao Fan	Executives
Yang Ye	Supervisors
Wang Yi	Supervisors
Han Bai	Executives
Liang Hui Shan	Executives
Cao Xiu Ying	Directors, executives

Shenyang Chemical Industry Co Headlines

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